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We study the evolution of individual labor earnings over the life cycle, using a large panel data set of earnings histories drawn from U.S. administrative records. Using fully nonparametric methods, our analysis reaches two broad conclusions. First, earnings shocks display substantial deviations...
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effects on export growth. A shock of one standard deviation to a country's supply of trade finance decreases exports, on … aggregate uncertainty is high. Our results imply that global banks affect export patterns and suggest that trade finance played …
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